Washington, D.C. Mar 29, 2017 – U.S. Senator John McCain (R-AZ) and Senate Budget Committee Chairman Mike Enzi (R-WY) today reintroduced the Currency Optimization, Innovation, and National Savings Act of 2017 (COINS Act), legislation that would modernize our currency by moving to a $1 dollar coin, reduce the cost of nickel production and suspend the minting of the penny, which currently costs more than one cent to produce. These money-saving reforms, which have been studied and supported by the non-partisan Government Accountability Office, could generate up to $16 billion in taxpayer savings.